Arrowstreet Capital Limited Partnership Buys 261,802 Shares of QuinStreet, Inc. $QNST

Arrowstreet Capital Limited Partnership increased its stake in QuinStreet, Inc. (NASDAQ:QNST) by 58.6% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 708,367 shares of the technology company’s stock after purchasing an additional 261,802 shares during the period. Arrowstreet Capital Limited Partnership owned approximately 1.25% of QuinStreet worth $11,405,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. Nordea Investment Management AB bought a new stake in shares of QuinStreet during the second quarter worth $3,439,000. Dynamic Technology Lab Private Ltd acquired a new stake in shares of QuinStreet during the 1st quarter valued at $325,000. State of Alaska Department of Revenue boosted its holdings in shares of QuinStreet by 8.3% during the 2nd quarter. State of Alaska Department of Revenue now owns 33,883 shares of the technology company’s stock valued at $545,000 after acquiring an additional 2,594 shares in the last quarter. Geode Capital Management LLC grew its position in QuinStreet by 2.2% during the 2nd quarter. Geode Capital Management LLC now owns 1,361,252 shares of the technology company’s stock worth $21,918,000 after acquiring an additional 29,783 shares during the last quarter. Finally, Russell Investments Group Ltd. increased its holdings in QuinStreet by 35.3% in the 2nd quarter. Russell Investments Group Ltd. now owns 247,885 shares of the technology company’s stock worth $3,991,000 after purchasing an additional 64,707 shares in the last quarter. Institutional investors own 97.83% of the company’s stock.

QuinStreet Price Performance

QNST opened at $14.61 on Wednesday. QuinStreet, Inc. has a fifty-two week low of $12.98 and a fifty-two week high of $25.50. The firm has a market capitalization of $829.12 million, a P/E ratio of 76.90 and a beta of 0.75. The company’s 50-day moving average is $14.38 and its 200 day moving average is $15.28.

QuinStreet (NASDAQ:QNST) last announced its quarterly earnings data on Thursday, November 6th. The technology company reported $0.22 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.09 by $0.13. The firm had revenue of $285.85 million during the quarter, compared to the consensus estimate of $279.73 million. QuinStreet had a return on equity of 6.91% and a net margin of 0.96%.The business’s revenue for the quarter was up 2.4% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.22 EPS. On average, equities research analysts expect that QuinStreet, Inc. will post 0.12 earnings per share for the current year.

Analysts Set New Price Targets

Several equities analysts have issued reports on QNST shares. Barrington Research set a $24.00 price target on shares of QuinStreet in a research report on Wednesday, October 22nd. Weiss Ratings cut shares of QuinStreet from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Monday, December 1st. Finally, Wall Street Zen raised QuinStreet from a “hold” rating to a “buy” rating in a research report on Friday, September 26th. Three research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, QuinStreet currently has a consensus rating of “Hold” and an average price target of $24.50.

QuinStreet Profile

QuinStreet, Inc, an online performance marketing company, provides customer acquisition services for its clients in the United States and internationally. The company offers online marketing services, such as qualified clicks, leads, calls, applications, and customers through its websites or third-party publishers.